Franchise Newsletter

Alan Padgett has spent the majority of his life in the accounting industry beginning in the 70s when he co-founded the first Georgia-based tax and accounting franchise model designed with the accountant in mind. Recently he and his team developed another exciting venture with an emerging franchise called Succentrix Business Advisors. With a claim as the first accounting franchise using only cloud-based software systems, Succentrix makes life much easier and efficient for the accountant/advisor and client. Before cloud-based software, accountants would have the client send over all the accounting paperwork such as income, expenses, payroll, payables, receivables. Then, weeks later, the accountant would give the client a report for that period of time.

Today, our cloud-based systems allows the Succentrix Advisor the ability to provide reporting in real time. This means in one day not weeks. The same is true with payroll. In a matter of one day, a payment for rent travels to a clients P&L (profit and loss). Boom, done. Padgett says We put real time Cloud accounting and payroll technology in place so we can use our time and expertise advising and planning with our clients. Being proactive allows us to put our emphasis on what the clients really want, real-time advice.The amount of money and time operating our franchise in the cloud is dramatically much less Padgett says. Consider that as a Succentrix Business Advisor, you don't have to worry with software updates, worry about your system going down or IT support costs since you are operating in the Cloud. The number of staff members needed to operate a Succentrix franchise is much less too. Plus, The Succentrix franchise is not expensive to enter, only $19,500.In general, CPA firms are low risk and high profit. Profits can easily reach 30% of revenues. Forbes estimates the NET profit margin for accounting, tax prep, and bookkeeping and payroll services is 21% with a cost of sales at 7%.

Succentrix Business Advisors prides itself on its marketing platform to boost franchise owner success. Each protected territory owner has a unique website landing page (www.succentrixbusinessadvisors.com) , customized new business lists and a 52 week targeted pipeline strategy to insure healthy growth.Currently, Padgett has ten locations open with expected growth to reach 25 territories by the end of 2016. Padgett is known for his hands-on management style and likes to put in time and effort developing relationships with each of his owners. His dedicated staff at the home office in Athens, Georgia considers their mission statement to help people help people as relevant to themselves as it is in each marketplace.From the first phone call to opening the doors of your own Succentrix Business Advisors business, it is about a 90-day process. It begins with two week of school, which trains you on software, operations and payroll and marketing systems.

The Succentrix team, comprised of handpicked members with more than 100 years experience, will assist you with getting set up in your territory and office.Padgett says what makes a great Succentrix Business Advisor is someone who has a very strong accounting or finance background and someone who has great people skills. Padgetts philosophy is if you work hard every day and start each day with the right attitude, the day will take care of itself and you will reach your financial goals.